Earth-Panda Advanced Magnetic Material Co.,Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 556.34 million compared to CNY 876.11 million a year ago. Revenue was CNY 671.03 million compared to CNY 1,069.58 million a year ago.

Net loss was CNY 38.02 million compared to net income of CNY 113.17 million a year ago. Basic loss per share from continuing operations was CNY 0.34 compared to basic earnings per share from continuing operations of CNY 1.0071 a year ago. Diluted loss per share from continuing operations was CNY 0.34 compared to diluted earnings per share from continuing operations of CNY 1.0071 a year ago.